SPX is now as seen in the chart is holding in the orange colored line (support). Either it bounces back or breaks down which is very hard hard to forecast. As you can see the is also a H&Ss pattern in which its neckline is up-slanted. Targets is highlighted in chart as it is very close to the Cypher wave target.
Trade closed: target reached
Cypher corrective wave target reached.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.